The whole block size/fork war is basically about scalability vs. anonymity.
One big psyop to bring fear to the markets. It's working. Cheap coins. I don't think so. We are rapidly approaching the transaction limits of the network. It will take a lot of work to patch the code with a hard fork before that happens. What will happen if consensus is not reached is that the network will bog down, transactions will not get confirmed for hours, days or even weeks, the market will crash Ah, come on! You're trolling right? There is no market except offchain speculation exchanges. How many onchain trades did you execute last month? We can all pretend there is a market outside the exchanges, but there isn't. and then we'll either fix the code with a real solution or more likely a small (2 to 8 MB) patch that kicks the can for a while and then we do the whole thing all over again later.
Yes, let's adopt the can kicking forward technique, excellent. Why not hardcode an infinite block size right away? That would be a great time for someone to introduce WallStreetCoin and relegate us to being the myspace of crypto.
If you are really afraid, go sell your coins now it is still possible and switch to your favorite altcoin which already exists. I will happily take your cripplecoins. These cripplecoins are always many magnitudes better than our current quasi ifinite monetary counterpart (gold) |
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The whole block size/fork war is basically about scalability vs. anonymity.
One big psyop to bring fear to the markets. It's working. Cheap coins. |
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All these banks and Blythe Masters coming out with there love for the blockchain
Its not "the blockchain" though He said they like the blockchain idea/tech, why would they use a mega bloated one they have to pay to use? Because it is the most secure chain out there. .. when they can make their own at a zero start point.
And why do they need miners? they can do it themselves with their own computers and networks.
That technology was already invented ages ago and is called MySQL. They are already using it. |
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If someone had told me two years ago that Blythe Masters would be pitching the blockchain on the cover of Bloomberg Markets, and the price would be below 250 USD, I would have recommended an antipsychotic.
All these banks and Blythe Masters coming out with there love for the blockchain is like them saying: Look morons, we are finished shorting bitcoin with worthless fiat so that we were able to buckle up cheap coins. Now it's time to rise again. But since I'm a permabull I'm biased to see everything saturated in rainbow light. |
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[img width]http://bitcoin.sipa.be/speed-small-ever.png[/img]
If there has to be some capitulation, it already happened imho.
Don't be ridiculous, either you say there won't be any or it's much further down the road. I can't even make it out on my laptop screen, it's one pixel of magnitude on this chart right? Capitulation doesn't neccesarily mean negative hashrate difference for me. It can also mean slower growth because some miners quit while there remain some growth overall. But anyway, there still was some red last two years.  |
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Every global stock and commodity is gapping down, bitcoin slightly rising.
Bullish.
have you every look at a graph ? Bitcoin is far far far far away from slightly rising... Yep I have. Hashrate continuing to climb steadily as well. Double bullish. True diff is rocketing, what will happen if diff double from here to halving? Bullish as hell  I would not call this rocketing.  But hey, everything better than a fall. Meh, we had a hashrate fall around the $2 bottom... then up to $260ish... I say let's see miners capitulate. Meh, each hashrate decline has been smaller. We've had one major fall mid 2009 and smaller fall end 2011/early 2012. 2014/2015 we've also had some hash rate decline but not so big because of stabilising prices and more professional miners  If there has to be some capitulation, it already happened imho. |
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Every global stock and commodity is gapping down, bitcoin slightly rising.
Bullish.
have you every look at a graph ? Bitcoin is far far far far away from slightly rising... Yep I have. Hashrate continuing to climb steadily as well. Double bullish. True diff is rocketing, what will happen if diff double from here to halving? Bullish as hell I would not call this rocketing. But hey, everything better than a fall. |
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For me, it looks like we are in September of 2011.  For me we already surpassed December 2011. It also rhymes with the block reward halving somewhere next year. Basically I compare 3 day chart 2009-2012 with the weekly chart from 2012-2015. DMI and RSI also rhymes. If I'm wrong I'll end up being a bag holder  . But boy, what a ride it was... |
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Back to 230, are positive news no longer affecting the price negatively?  When did news affect price anyway? |
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What do you think will happen if Bitcoin reach 1 USD exchange rate? Will there be more people joining in to get some cheap Bitcoin? Or will they be a big dump and drop in volume? I personally think that if one day Bitcoin reach 1 USD per Bitcoin it will be the headlines on many newspaper. It will attract lot of attention and more people will buy Bitcoin online while it's cheap.
Dude, this already happened somewhere in 2011. |
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Good Morning Doji Star!
where is this ? show on chart plz  Last candle on the weekly. 6 hours remaining till it closes. Kraken looks even better (BTC/EUR) Green doji with a nice confirming volume bar.  One dollar up and bitstamp looks the same. |
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That is an old article. There were some coins auctioned (50k) bought by Tim Draper. But how many coins are still owned by government? |
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We all know about the silk road story and USG seizing 144.000 coins from DPR and some 30k coins from the market place.
I've got two qestions:
How many of those coins are still not auctioned?
Are there any other stories of governments owning bitcoins?
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We need Satashi Nakamoto again for ending the drama ..........................
No we don't, the oposite. Nakamoto resolving problems would mean bitcoin is dependent on 1 person. |
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We should organize some kind of Hodlers Anonymous group, this is getting harder and harder, I need therapy!
lol true I know mate as the price sinks further and further I can see my balance shrink too lol  Make sure you don't lose access to your coins. Backup your wallets and your balance will NEVER shrink. I keep counting my coins, they never disappear. |
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5 days of flatlining. Except maybe that brief push 2 days ago.  Guess that's all for the weekend... no bullish trend change. If things don't change soon i'll close my long and take my losses.  Reading this and observing the doji hammer on the weekly scale I'd say we're pretty close to capitulation in 10 hours  |
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Very cool, but with 64GB of disc space on a SD card it will be full in a year without pruning. Also, I've heard that SD cards are not the perfect thing to store the blockchain onto due to the many read/writes |
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Throwing a dice is easy, but converting it into a WIF private key isn't.
[…]
Is there anyone who can give me some other suggestions?
You're on a real operating system, right? If so, you can use bc, the calculator. Well, I hope linux mint 17.2 is real enough  $ bc
bc 1.06.95
Copyright 1991-1994, 1997, 1998, 2000, 2004, 2006 Free Software Foundation, Inc.
This is free software with ABSOLUTELY NO WARRANTY.
For details type `warranty'.
obase=16
ibase=6
10
6
11
7
12
8
13
9
14
A
15
B
16
B
36212631625312563
9FEE7990BF5 My paper wallets have been created from dice rolls. Chinese ones, so I'm free from any tinkering from the NSA  . Great! This looks even more promising to me. Thanks. |
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So I'm planning to throw 99 times with a dice and punch the number into a metal strip or engrave it into marble to produce some bullet proof single address wallet. Wow, seriously? Marble engraving? I should expand on this. I own a metal detector and for a hobby I go to public or private places to scan the soil for historic metallic artifacts. Very often I find metal discs which people used as some sort of value token (coins ) I would like to bury this marble engraved bitcoin address in a public place (a park, a forest, a field) and make sure it's not detectable with a metal detector. If I use metal I'm not so sure about my hobby collegues not finding it. I think it would be pretty safe if only I know where it is burried (and some trusties). It's not like I want to put all my coins on that address, just a few. I like the idea that whatever happens to me or my trusties the address is still accesible. I like the idea that it is possible for someone (a kid digging a hole) to find this thing in let's say 200 years and know what it is and what to do with it. Before I go such lengths I want to make sure this approach works. So I want to test each step and even fill this address with a few satoshis and spend them as well before I fill it with more serious amounts. Throwing a dice is easy, but converting it into a WIF private key isn't. The only way I found is through www.bitaddress.org, but I am not able to review the source and I don't want to rely at one source only. Is there anyone who can give me some other suggestions? I assume you can figure out how to convert your number into 256bit hex? If so, the following works fine for me: b58 = '123456789ABCDEFGHJKLMNPQRSTUVWXYZabcdefghijkmnopqrstuvwxyz'
def base58encode(n):
result = ''
while n > 0:
result = b58[n%58] + result
n /= 58
return result
# https://en.bitcoin.it/wiki/Base58Check_encoding
def base58CheckEncode(version, payload):
s = chr(version) + payload
checksum = hashlib.sha256(hashlib.sha256(s).digest()).digest()[0:4]
result = s + checksum
leadingZeros = countLeadingChars(result, '\0')
return '1' * leadingZeros + base58encode(base256decode(result))
def privateKeyToWif(key_hex, compressed=False):
if compressed:
key_hex=key_hex+'01'
return base58CheckEncode(0x80, key_hex.decode('hex'))
^^^ That's python, but you could use another language if you want. In the above, key_hex is a string. Here's an example of me using it.: >>> k="1111111111111111111111111111111111111111111111111111111111111111"
>>> privateKeyToWif(k)
'5HwoXVkHoRM8sL2KmNRS217n1g8mPPBomrY7yehCuXC1115WWsh'
>>> privateKeyToWif(k, compressed=True)
'KwntMbt59tTsj8xqpqYqRRWufyjGunvhSyeMo3NTYpFYzZbXJ5Hp'
Thanks for the code, I go and play with it. |
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Thanks Nomad that appears to have worked like a charm. I am importing them into an Armory wallet. I have an old laptop I am using as an offline computer to generate them with as well as to print them from for backup. Although I will not be hanging on to any bitcoin ever, longer than it takes to get home from where ever i am at and selling for the weekend to sell the bitcoin for cash. I sell my glass with very low margins and the fluctuating price of bitcoin is more than i care to gamble with. One of the guys who asked if I would take his bitcoin as payment for a water pipe told me about localbitcoins.com where it should be easy enough to get money into paypal from bitcoin. If there is Wi-Fi wherever I am at the time I will probably just try and turn it into Paypal as soon as I get it to avoid any fluctuation risks.
Perhaps you could use a bitcoin payment processor like bitpay? They take like 1% commission and convert bitcoin to fiat instantly. I don't know how to combine it with vanity addresses though, because I've never used bitpay. |
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